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<br /> Law provides a time period that must elapse before certain action can be taken, that time period will be
<br /> deemed to be reasonable for purposes of this paragraph. Any notice given to Borrower pursuant to Section
<br /> 21 and the notice of acceleration given to Borrower pursuant to Section 17 shall be deemed to satisfy the
<br /> notice and opportunity to take corrective action provisions of this Section 19.
<br /> 20. Hazardous Substances. As used in this Section 20: (a) "Hazardous Substances" are those
<br /> substances defined as toxic or hazardous substances, pollutants, ar wastes by Environmental Law and the
<br /> following substances: gasoline, kerosene, other flammable or toxic petroleum products,toxic pesticides and
<br /> herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b)
<br /> "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br /> relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response
<br /> action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental
<br /> Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br /> Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
<br /> Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do,
<br /> nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
<br /> Law, (b)which creates an Environmental Condition, or(c) which, due to the presence,use, or release of
<br /> a Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding
<br /> two sentences shall not apply to the presence, use, or storage on the Property of small quantities of
<br /> Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br /> maintenance of the Property(including,but not limited to,hazardous substances in consumer products).
<br /> Borrower shall promptly give Lender written notice of(a)any investigation, claim, demand, lawsuit or
<br /> other action by any governmental or regulatory agency or private party involving the Property and any
<br /> Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
<br /> Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
<br /> release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
<br /> Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
<br /> by any governmental or regulatory authority, or any private party,that any removal or other remediation of
<br /> any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary
<br /> remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on
<br /> Lender for an Environmental Cleanup.
<br /> NON-LJNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration
<br /> following Borrower's breach of any covenant or agreement in this Security Instrument(but not prior
<br /> to acceleration under Section 17 unless Applicable Law provides otherwise). The notice shall specify:
<br /> (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the
<br /> date the notice is given to Borrower,by which the default must be cured; and (d)that failure to cure
<br /> the default on or before the date specified in the notice may result in acceleration of the sums secured
<br /> by this Security Instrument and sale of the Property.The notice shall further inform Borrower of the
<br /> right to reinstate after acceleration and the right to bring a court action to assert the non-existence of
<br /> a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or
<br /> before the date specified in the notice,Lender at its option may require immediate payment in full of
<br /> all sums secured by this Security Instrument without further demand and may invoke the power of
<br /> sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all
<br /> expenses incurred in pursuing the remedies provided in this Section 21,including,but not limited to,
<br /> reasonable attorneys' fees and costs of title evidence.
<br /> Boirower Initials G� �
<br /> 02013GuardianDocs (page 1of13pages)
<br /> NE Closed-End Junior Lien Security Instrument(12/23/2010)
<br /> HC#4829-1645-6456
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